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Earth magnetism and the economic behavior

Author

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  • Melo, L

Abstract

This paper provides an analysis of how the current economic crisis and the changes in the earth magnetism can be an opportunity to develop an economic system based on more balanced economic relationships. Consciousness is fundamental to achieve this. A practical example, examined in the article, to understand how consciousness and the belief systems affect the observed reality, is associated with the effect that the credibility of economic authorities and individuals’ expectations have on the behavior of different economic variables. The paper examines how other fields of science such as physics and psychology offer us several elements to understand current economic relationships. Nature provides us elements that could help with the creation of a new economy reality. In particular, the paper analyzes how the fall in the intensity of the earth’s magnetic field could facilitate this process.

Suggested Citation

  • Melo, L, 2010. "Earth magnetism and the economic behavior," MPRA Paper 21656, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:21656
    as

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    File URL: https://mpra.ub.uni-muenchen.de/21656/1/MPRA_paper_21656.pdf
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    References listed on IDEAS

    as
    1. Oswald, Andrew J. & Powdthavee, Nattavudh, 2007. "Obesity, Unhappiness, and The Challenge of Affluence: Theory and Evidence," IZA Discussion Papers 2717, Institute for the Study of Labor (IZA).
    2. Oswald, Andrew J. & Powdthavee, Nattavudh, 2008. "Does happiness adapt? A longitudinal study of disability with implications for economists and judges," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1061-1077, June.
    3. Blanchflower, David G. & Oswald, Andrew J., 2008. "Is well-being U-shaped over the life cycle?," Social Science & Medicine, Elsevier, vol. 66(8), pages 1733-1749, April.
    4. Charles A. Holt & Monica Capra, 2000. "Classroom Games: A Prisoner's Dilemma," The Journal of Economic Education, Taylor & Francis Journals, vol. 31(3), pages 229-236, September.
    5. Sergey Chernouss & Antoly Vinogradov & Elvira Vlassova, 2001. "Geophysical Hazard for Human Health in the Circumpolar Auroral Belt: Evidence of a Relationship between Heart Rate Variation and Electromagnetic Disturbances," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 23(2), pages 121-135, March.
    6. Andrew W. Lo & Dmitry V. Repin, 2001. "The Psychophysiology of Real-Time Financial Risk Processing," NBER Working Papers 8508, National Bureau of Economic Research, Inc.
    7. Anya Krivelyova & Cesare Robotti, 2003. "Playing the field: Geomagnetic storms and international stock markets," FRB Atlanta Working Paper 2003-5, Federal Reserve Bank of Atlanta.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Earth magnetism and the crisis
      by Economic Logician in Economic Logic on 2010-04-29 19:10:00

    More about this item

    Keywords

    Economic crisis; economic preferences; earth magnetism;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D60 - Microeconomics - - Welfare Economics - - - General

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    1. Economic Logic blog

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